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Getting Retirement Right with Darrin McComas & Shon PeilShould You Pay Off Your Mortgage with Retirement Savings? In this episode of Getting Retirement Right, Darrin McComas and Shon Peil discuss whether or not to pay off your mortgage using retirement savings. They reveal the advantages and potential pitfalls, leaving listeners with a tantalizing question: Should you risk your retirement security for the dream of a debt-free home, or is there another path to financial freedom? Find out on the next episode of Getting Retirement Right! In this episode, you will be able to: Explore the concept of trading mortgage payments for a stout retirement stash. Gauge the perks of swapping...2023-06-2824 minGetting Retirement Right with Darrin McComas & Shon PeilThe Importance of Responsibly Transitioning into Retirement On this episode of Getting Retirement Right with Darrin McComas and Shon Peil, you will be able to: Gain insights on retirement planning essentials for a seamless transition into your golden years. Understand the benefits of setting a well-structured budget for managing retirement finances. Unravel the connection between active living, health, and a joyful retirement. Realize why financial adaptability matters when facing unforeseen expenditures. Learn the value of seeking guidance from fiduciary advisors to optimize your retirement plan. Life's not over. You're in retirement. This is supposed to...2023-06-1422 minGetting Retirement Right with Darrin McComas & Shon PeilTake Control of Your Retirement Plan - Roll Over Your 401(k) NowIn this episode, you will be able to: Learn groundbreaking strategies to supercharge your retirement savings with a seamless 401(k) rollover. Familiarize yourself with options for tailoring your IRA investments to suit your unique financial goals. Unravel the mystery behind maximizing tax planning benefits through strategic Roth account conversions. Master the art of adaptable estate planning to ensure a smooth and stress-free asset distribution. Realize the importance of working with a financial advisor who delivers indispensable advice for flexible withdrawals. 2023-06-0718 minGetting Retirement Right with Darrin McComas & Shon PeilThe Roth IRA: Overview and Benefits for Your Retirement Discover the power of the Roth IRA and the misconceptions surrounding it, as hosts Darrin McComas and Shon Peil simplify the differences between a conand contribution and offer insights on maximizing your retirement plan. In this episode, you will be able to: Delve into the powerful benefits of Roth IRAs for long-term financial stability and generational wealth transfer. Dispel the misinformation surrounding Roth IRA contributions that may hamper your financial progress. Acquire the knowledge you need to plan systematic Roth IRA contributions and dodge tax hurdles. Recognize the potential d...2023-05-2424 minGetting Retirement Right with Darrin McComas & Shon PeilPart 2 - 5 Mistakes to Avoid in Retirement In this episode of Getting Retirement Right with Darrin McComas and Shon Peil, you will be able to: Unveil the importance of strategic investment planning and tranche methodologies for lasting prosperity. Understand the perks of collaborating with fiduciary advisors for optimal investment outcomes. Identify the hazards of bypassing company match contributions to your 401(K). Explore the advantages of incorporating a Roth 401(K) in your tax-saving game plan. Grasp the value of seeking professional insight for customized financial recommendations. Don't just wing it. It's important to have a p...2023-05-1724 minGetting Retirement Right with Darrin McComas & Shon PeilPart 1 - 5 Mistakes to Avoid in Retirement From shock to passion: How one conversation about retirement risks took an unexpected turn and sparked a mission to help others. But what happens when the unexpected strikes? Keep reading to find out. In this episode of Getting Retirement Right with Darrin McComas and Shon Peil, you will be able to: Grasp the significance of preparing for healthcare expenses during retirement. Recognize the consequences of underestimating the true costs of healthcare in retirement. Discover the advantages of having a well-rounded retirement plan with professional assistance. Identify retirement-related risks and...2023-05-1024 minGetting Retirement Right with Darrin McComas & Shon PeilCould the Debt Ceiling Crisis Impact Your Retirement? Retirees, are you tired of feeling lost during market instability? Have you heard these myths about the Importance of having a proactive financial advisor? Let's debunk them together: Myth #1 - I'm too old to worry about the market, Myth #2 - I can handle my finances on my own, and Myth #3 - I only need an advisor during good times. The truth is, having a proactive financial advisor during market instability is more crucial than ever. Let's explore why. In this episode of Getting Retirement Right with Darrin McComas and Shon Peil, you will be able to: 2023-05-0324 minGetting Retirement Right with Darrin McComas & Shon PeilUnderstanding Your Risks - Part 3: Inflation and Political Risk (Plus a Mystery Risk You Need to Take Action on Today!) In Getting Retirement Right, hosts Darren McComas and Sean Peil are talking about the risks that come with retirement. They discuss inflation and political risk, and the newly proposed budget of $4.7 trillion in new taxes, leaving the audience to wonder what will happen if taxes go up dramatically. But one thing is certain, a comprehensive financial plan is key to ensuring a safe and secure retirement, even in the face of unforeseen risks. In this episode, you will be able to: Explore the effects of inflation risk on retirement planning and maintaining your hard-earned wealth.2023-04-2626 minGetting Retirement Right with Darrin McComas & Shon PeilUnderstanding Your Risks - Part 2: Longevity and Liquidity Risks In this episode of Getting Retirement Right, hosts Darren McComas and Sean Peele discuss the pressing issue of longevity and liquidity risk and provide insight on how to protect your hard-earned nest eggs for a secure retirement. In this episode, you will be able to: Discover novel approaches to combat longevity risk in retirement planning. Unlock the secrets of managing liquidity effectively for a worry-free retirement. Master the art of balancing concentration risk with a diversified investment strategy. Uncover the hidden impacts of Social Security timing on total retirement...2023-04-1921 minGetting Retirement Right with Darrin McComas & Shon PeilUnderstanding Your Risks - Part 1: Market Risk and Concentration RiskMarket risk and concentration risk are two types of risks that investors and businesses face in the financial markets. On this week's episode of Getting Retirement Right, hosts Darrin McComas and Shon Peil dive into these two risks and how to identify and understand them in your investment portfolio. Market risk refers to the risk that an investment will lose value due to changes in the overall market conditions or factors that affect the entire market. For example, changes in interest rates, currency exchange rates, inflation, or political instability can all impact the value of an investment...2023-04-1326 minGetting Retirement Right with Darrin McComas & Shon PeilQuestions From Our Community: Demystifying Annuities: Fixed, Variable, and Indexed Explained and Other Topics On this episode of Getting Retirement Right, hosts Darrin McComas and Shon Peil face the 'firing squad' to help listeners navigate the confusing and costly world of taxes, retirement planning, annuities and Social Security, empowering their audience to make informed decisions and secure their financial freedom. In this episode, you will: Uncover the impact of taxes on Social Security and why income considerations matter Discover the potential of fixed-indexed annuities for reliable returns on your investment Know when to exercise caution when considering variable annuities by understanding hidden fees and risks Develop a strategic deaccumulation plan f...2023-04-0523 minGetting Retirement Right with Darrin McComas & Shon PeilEffective Tax Strategies for RetirementIn this episode, you will learn how to maximize your tax savings with effective tax planning strategies. You will learn about tax planning, where the importance of minimizing taxes in retirement. Darrin and Shon highlight that taxes are not going away and must be accounted for in planning for retirement. It was noted that the Obama era tax codes will return in 2026, which could result in a significant increase in taxes. Strategies like Roth Conversions and avoiding the 'widow tax trap' in order to maximize tax efficiency. "Don't leave the IRS a tip, but unfortunately, a...2023-03-2923 minGetting Retirement Right with Darrin McComas & Shon PeilNavigating Stock Market Volatility: The Risk Management RollercoasterIn this episode of 'Getting Retirement Right', a risk-averse protagonist is challenged to shift their mindset towards retirement and overcome their fears of volatile markets, as they strive to build a plan that will protect their hard-earned money and ensure a successful future. Hosts Darrin McComas and Shon Peil discuss the importance of having a plan for retirement and understanding the risks associated with stock market investing. They explain that banks are facing major issues, creating a lot of uncertainty and lack of confidence in the financial system. They highlight the fact that stock markets...2023-03-2223 minGetting Retirement Right with Darrin McComas & Shon PeilMaximize Your Social Security: Uncovering the Pros & ConsUnlock the secrets to maximizing your Social Security benefits with the right strategies! In this episode of Getting Retirement Right with Darrin McComas and Shon Peil, you will learn how to maximize your Social Security benefits with the right strategies. They discuss the three main options for filing for Social Security: filing early at age 62, filing at full retirement age, or filing after full retirement age until age 70. It is important to remember that every filing strategy needs to be customized to the individual's situation, as 96% of Americans choose the wrong time to turn o...2023-03-1525 minGetting Retirement Right with Darrin McComas & Shon PeilFundamentals of Creating a Comprehensive Financial Plan On this episode, Darrin and Shon highlight the topics and questions you should as when you are starting to create the fundamentals of a comprehensive retirement plan. Below are the topics/questions with the timestamp to know when each topic is being discussed: 2:00 - What does a comprehensive retirement plan look like? 4:46 - How do you know when to start social security? 9:22 - People fear running out of money more than death 13:40 - Charitable giving and legacy planning 16:00 - The importance of updating your estate plan 20:39 - What does risk tolerance look like? 23:40 - Riding the volitity of the market For more...2023-03-0825 minGetting Retirement Right with Darrin McComas & Shon PeilIntroduction to the Getting Retirement Right CommunityOn today's inagural episode, hosts Darrin McComas and Shon Peil share their backgrounds and experience serving others as well as an outline of the topics that will be discussed on the podcast to help simplify your financial life and provide you freedom from taxes, risk, stress and poor advice.2023-02-2823 min
Freedom 1st Retirement#9 Freedom 1st Retirement PodcastIn episode #9 of the Freedom 1st Retirement Podcast, hosts Darrin McComas and Shon Peil dive into a recent article from Forbes regarding the Top 10 Retirement Tips for 2023. https://www.forbes.com/advisor/retirement/top-retirement-tips-2023/ Shon and Darrin discuss sequence of returns risk, delaying social security, rethink where you want to live, having a game plan for healthcare and getting professional help from a fiduciary financial advisor in retirement. Darrin also dives into the most recent economic data and the impacts on today's markets. Thanks for joining our podcast and don't forget to hit that subscribe button. Recorded on 1-26-2023...2023-01-2625 minFreedom 1st Retirement#8 Freedom 1st Retirement Podcast - Secure Act 2.0 and Market Updates for 2023Welcome to the 8th episode of the Freedom 1st Retirement Podcast, hosted by Shon Peil and Darrin McComas of Abraham & Co., Inc. In today's episode, Shon and Darrin discuss the recent changes ushered in by the Secure Act 2.0. Some of the biggest changes with this legislation concerns RMDs (Required Minimum Distributions). Darrin and Shon also dive into the markets and what expectations are for the 1st Quarter of 2023. We hope you enjoy this episode and subscribe to our podcast.2023-01-0916 minFreedom 1st Retirement#2 Freedom 1st Retirement Podcast: Maximizing Social Security and Minimizing InflationWith inflation running at 40 year highs, you are losing purchasing power faster than ever. Join Abraham & Co., Inc.'s Shon Peil and Darrin McComas as they discuss what you can do with your cash that's in savings to keep your purchasing power from being eroded too quickly. Darrin and Shon also discuss things you need to consider when determining the right age to turn on Social Security. For most Americans, Social Security will be the backbone of their retirement plan. However, 96% of Americans turn it on at the wrong time. Shon and Darrin will dig into the things you shoul...2022-09-1729 min
Freedom 1st RetirementWelcome to the Freedom 1st Retirement PodcastThis is our very first podcast episode. Your host Darrin McComas, Chief Investment Officer and IAR for Abraham & Co., Inc. joins his brother-in-law and insurance expert Shon Peil as they discuss what it takes to put the freedom back into your retirement through four main pillars - Freedom from Taxes, Freedom from Risk, Freedom from Stress, and Freedom from Poor Advice. 2022-09-0423 min